Question

A man buys a fan for Rs. 1000 and sells it at a loss of 15%. What is the selling price of the fan?

Answer 1

「Cost Price of the fan is Rs.1000

↦Loss percentage is 15%

↦As we know, Loss percentage = $\tt\frac{Loss}{Cost Price}$ x 100

↦15 =$\tt\frac {Loss}{1000}$ x 100

↦Therefore, Loss = 150 rs.

As we know,

↦Loss = Cost Price – Selling Price

↦So, Selling Price = Cost Price – Loss

↦ 1000 – 150

↦Selling Price = R.850/-

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$\tt\blue{Answer\:↠}$$\tt\red{R.850/-}$」